Financial Service System Research Articles

ФОРМУВАННЯ НА СУЧАСНОМУ ЕТАПІ РИНКУ ФІНАНСОВИХ ТЕХНОЛОГІЙ В СВІТОВІЙ ЕКОНОМІЦІ

The current stage of development of the world economy is characterized by the process of increasing the role of the financial sector, as well as the transition to a new phase of development - innovation. Globalization in financial innovations is critical in international innovative development in today's conditions. The rapid spread of financial innovations under the conditions of financial globalization has become the main driver of the formation of the world economic system, contributing to the deepening of financial globalization. The formation of the financial services market is uneven because various factors influence it, including the level of development of information and communication technologies, the stability of the financial sector, and others. These factors have been studied by researchers, but the development of specific segments of the fintech market has its peculiarities. Fintech is a complex system that unites the sectors of new technologies and financial services, startups, and the relevant infrastructure. The financial services sector is increasingly actively using new technologies and tools to perform its functions and implement fundamentally new solutions in which consumers of services are interested. New technologies inherently changed not only the historically formed landscape of providing financial services, giving it freshness and dynamics, but also changed the attitude to such a concept as "money", realizing the transition from cash to virtual money in a reasonably short period. The industry provides subjects of financial relations with a wide range of innovative technologies, among which robotics, biometrics, remote banking, P2P lending, and many others have become vital. The fintech industry is expected to grow due to increased market penetration rates for existing services and their international expansion. The transition from the traditional financial services system to a digital one provides excellent opportunities for large financial companies and FinTech startups to work with banks or financial organizations. As more critical financial infrastructure projects come into production, more players will be interested in implementing digital financial technologies.

Penerapan Platform DigiLearnHub Untuk Meningkatkan Kemampuan Literasi dan Numerasi Siswa Serta Pelayanan Administrasi di SMAS Kesuma Bakti

SMAS Kesuma Bakti Bekri (SMAS-KBB) has several priority issues that need to be addressed, includingThe educational report score for literacy skills at SMAS-KBB is still categorized as poor, with a score of 33.33. The educational report score for numeracy skills at SMAS-KBB is also categorized as poor, with a score of 35.56. The management of the school's administrative and financial services system has not been optimized. Based on these priority issues, the proposed solutions areImplementing the DigiLearnHub Platform. Providing training and assistance to teachers in creating and designing engaging literacy and numeracy learning content to be used on the DigiLearnHub platform. Providing training and assistance to students on the use of the DigiLearnHub platform and the importance of improving literacy and numeracy learning as a foundation for mastering science and technology. Implementing an application that can be accessed digitally through the website and mobile for real-time School Administration System. Based on the evaluation results, there was an 84.85% improvement in teachers' ability to create literacy and numeracy learning content. Furthermore, based on post-test results conducted with students, there was an increase in the average student score, with literacy achieving 87.2 and numeracy 86.2. This indicates an improvement in literacy and numeracy learning quality, which is expected to prepare students for the ANBK. In addition, the school administrative service application has improved the school's administrative and financial services. According to survey results, 87% of students and parents expressed high satisfaction with the services provided through the school administration and financial application.

Environmental Decentralization, Digital Financial Inclusion, and the Green Transformation of Industries in Resource-Based Cities in China

In the digital era, digital financial inclusion plays a pivotal role in facilitating green industrial transformation and green development in resource-based cities. In this study, we conduct an in-depth analysis of environmental decentralization and digital financial inclusion and their mechanism of influence on the industrial green transformation of resource-based cities, utilizing panel data from resource-based cities in China between 2011 and 2022, in order to perform empirical tests using fixed effects and threshold models. The results indicate that environmental decentralization can advance the green transformation of industries, and that, under the influence of digital financial inclusion, environmental decentralization has a significant reverse impact on the green transformation of industries of resource-based cities in China. Furthermore, different levels of digital financial inclusion contribute to varying effects of environmental decentralization on the green transformation of industries. Additionally, the impact of environmental decentralization on the green transformation of industries differs among various types of resource-based cities in China. Therefore, we should continuously optimize the management system of environmental decentralization, improve the digital financial inclusion service system, fully leverage the advantages of digital financial inclusion, accurately grasp and scientifically utilize the driving principles of environmental decentralization, and implement measures in different cities according to the situation, in order to advance the green transformation of industries in resource-based cities in China.

The role of public-sector-led inclusive instant payment systems for growing the digital payments industry in Africa

Digital payments are the most popular financial service in Africa, having been adopted by half of all adults. Nevertheless, there remain significant barriers to access in Africa’s digital payment sector, stymieing growth. Cost and distance to a branch or agent are chief among them, exacerbated by the fact that many economies in Africa have small financial services markets, with payment sectors dominated by private sector financial service and payment system providers that have invested in proprietary, closed-loop digital payments processing infrastructure. These closed-loop systems can be inefficient and therefore expensive to operate, leaving payment services out of reach for millions of end users. With the goal of calling out fruitful approaches for expanding and maturing Africa’s payments market, this paper highlights lessons from four public or public–private instant payment systems (IPS) initiatives that aimed to build affordable and inclusive digital public infrastructure to enable broader access and therefore growth in Africa’s digital payments sector. Using case studies from Ghana, Malawi, Zambia and the Central African Economic and Monetary Community, this paper highlights lessons from these initiatives, including the need for enabling regulations, the need to craft a compelling business case for incumbent payment service providers, central bank involvement to ensure a focus on inclusive access, and customer-centricity to ensure the IPS can process high-demand payment types through the channels that end users prefer.

Research on the Coordinated Development of Inclusive Finance and Financing for Small and Medium-sized Enterprises

As an important force in promoting economic and social development, small and medium-sized enterprises play a crucial role in enhancing China’s economic strength, creating employment opportunities, and promoting industrial structural transformation. However, due to their inherent weaknesses, small and medium-sized enterprises often face difficulties in financing within the traditional financial service system. This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale. Since 2013, China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises, providing policy guidance, resource support, and technical support to alleviate the financing difficulties of small and medium-sized enterprises. Based on this, this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance, in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.

Analisis Faktor-Faktor yang Mempengaruhi Minat Menggunakan Financial Technology Syariah pada Mahasiswa Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Sultan Thaha Saifuddin Jambi

In today’s modern era, humans have a life with endless activities and technological developments that is currently maturing in indonesia is financial Technology. Financial Technology (fintech) is the latest innovation in the financial service system which is touched by modern technology, to make it easier for people to make payments, investments, borrow money, transfer money and so on. The problem formulation for this (1) do usability factors influence students’interest in using sharia fintech (2) can trust factors influence students’interest using sharia fintech (3) can risk factors influence students’interest using sharia fintech. The aim of this reseacrh is to look at the backround of the problem is to find out the factors that influence interest using sharia fintech at UIN STS Jambi. Based on the result of previous research, the following conclusions can be conveyed in this research (1) The result of the research show that partially the perception of usefulness is not influence in mintst using financial technology with a significance value of 0.103. (2) The research results show that partially trust has no effect on interest in using Financial technology with significance value of 0.060/ (3) The research results show that partially risk has an effect on interest in using financial Technology with a significance value of 0.000 (4) base on the test results, it is known that the value reaches 116.391, while the significance value is 0.000. this shows that perceived usefulness of trust and risk influence interest in using Financial Technology

Research on the Rural Financial Service System in China

With the in-depth implementation of the Rural Revitalization Strategy, the optimization of the rural financial service system is particularly critical, which is of great significance in promoting rural economic development and improving the living standards of farmers. At present, the rural economy and the overall economic strength are relatively weak, making it difficult to achieve the goal of promoting rural revitalization comprehensively only through rural finance. Based on this, this paper analyzes the current situation of the rural financial service system and puts forward strategic measures such as strengthening the construction of the service network, innovating financial products and services, and improving the risk prevention and control mechanism. These measures will help to improve the overall efficiency of the rural financial service system, provide strong financial support for rural revitalization, and promote the sustainable development of the rural economy.

Practice and Reflection on the Transformation of Performance-Oriented Higher Education Financial Digitization Platform

The realization of performance-oriented transformation of financial intelligence in universities is an inevitable choice for universities to achieve high-quality education in the new era. How to achieve deep integration of university finance and intelligence transformation based on performance, and how to optimize the allocation of university resources based on the construction of intelligent platforms, are issues that need to be studied at the current stage. This paper first introduces the background of performance-oriented transformation of financial intelligence in universities, revealing the practical background of this research. Then, it starts with the connotation and significance of performance-oriented financial intelligence transformation, focusing on the system architecture of financial intelligence transformation in universities. It elaborates on the system architecture of financial intelligence transformation from four aspects: budgeting, execution, monitoring, and evaluation. Furthermore, platform design is conducted based on this, specifically introducing the construction of three major modules of the university intelligence platform: financial service system, financial data exchange center, and financial decision system. Finally, this paper puts forward some suggestions for the intelligent transformation of university finance.

Accessibility of Digital Financial Services in East Nusa Tenggara Province

The purpose of this study is to explore and analyze the accessibility readiness of digital financial services of each district in East Nusa Tenggara province, Indonesia. This research was conducted using the content analysis method. The data used is secondary data derived from various sources, especially Bank Indonesia and the Financial Services Authority. The research sample was district governments in East Nusa Tenggara province, totaling eight districts. Data analysis was also conducted on information from communication network providers regarding the infrastructure of internet availability and telecommunication services in each district to support the success of digitization-based public services. The result is that all regions have good internet access and telecommunication providers by cooperating with the government and telecommunication service providers so that the digital financial service system can be implemented properly. Of course, the next step requires a combination of technology and human approaches to strengthen the enabling mechanism and evaluation of financial inclusion.

The Development Path of Financial Promotion of Science and Technology Innovation in the Context of New Quality Productivity Development

Science and technology innovation is the kernel of developing new quality productivity, and finance has an important role in promoting science and technology innovation. Based on this, this paper studies the path of financial boosting of science and technology innovation, selects the national panel data from 2013 to 2022, adopts the entropy value method to determine the weight of each index and calculate the comprehensive value, and establishes the VAR model of financial input and science and technology innovation development. It is found that 35% of the changes in the development of science and technology innovation can be explained by financial inputs, and further puts forward suggestions to improve the breadth, depth and precision of financial services for science and technology innovation in four aspects: innovating the form of financial inputs, improving the matching precision between financial services and science and technology innovation needs, innovating the financial service system and optimizing the financial ecological environment, so as to provide reference and reference for the formation and development of the development of new-quality productivity.

Digital carbon neutrality: evidence of carbon emission reduction based on digital inclusive finance.

As a powerful engine for economic reform and curbing carbon emissions, digital inclusive finance provides solid support for achieving the goal of digital carbon neutrality. This study reveals the positive effect of digital inclusive finance on carbon emission reduction and the deeper reasons behind it by digging deeper into the panel data of 213 cities in China. The study adopts advanced empirical analysis methods to rigorously test the association between digital inclusive finance and carbon emissions. The results show that there is a strong positive correlation between the booming development of digital inclusive finance and the significant decline in carbon emissions. This finding remains solid after several rounds of robustness tests, which fully proves the reliability of the research results. Further mechanism analysis reveals the multiple paths of digital financial inclusion on carbon emission reduction. First, it promotes the optimization and upgrading of industrial structure by optimizing the allocation of financial resources, thus reducing the proportion of high-carbon emission industries. Second, digital inclusive finance attracts more foreign capital inflows and introduces advanced low-carbon technologies and management experience, further promoting the development of low-carbon economy. In addition, the study also found that the differences between different cities in terms of geographic location and city size have a significant impact on the carbon emission reduction effect of digital inclusive finance. In particular, the carbon emission reduction effect of digital inclusive finance is particularly significant in western regions, central cities, and first-tier cities. In response to these findings, this paper proposes a series of targeted policy recommendations. First, the financial service system should be further optimized to increase the coverage and penetration of digital inclusive finance, especially in less developed regions and small- and medium-sized cities. Second, regional policy synergies should be strengthened to form a strong synergy to promote the development of a low-carbon economy. In addition, it should guide capital flows to low-carbon industries and encourage enterprises to increase green technology research and development and application, while actively promoting low-carbon consumption concepts and guiding consumers to form green consumption habits. Through the implementation of these measures, it is expected that the potential of digital inclusive finance in the development of a low-carbon economy will be further stimulated, making a greater contribution to the realization of the goals of carbon peaking and carbon neutrality.

Penerapan Financial Technology (Fintech) pada UMKM Binaan Bank NTT di Sabu Raijua

In today's modern era, humans have a life with all activities that can never be separated from technological developments. One of the technological developments that is currently popular in Indonesia is Financial Technology. Financial Technology (FINTECH) is the latest innovation in the financial service system which is touched by modern technology which can make it easier for Small and Medium Enterprises).to run their businesses with the help of Fintech. The aim of this research is to determine the application of Fintech to Small and Medium Enterprises assisted by Bank NTT in Sabu Raijua and to determine the advantages and disadvantages of implementing Fintech in Small and Medium Enterprises assisted by Bank NTT in Sabu Raijua. This research uses a qualitative research method, which is a research method carried out by means of in-depth interviews in the field, using a phenomenological approach. The data source in this research is primary data obtained directly from Small and Medium Enterprises actors in Sabu Raijua, while secondary data is in the form of interviews, observations and documentation. The research results show that the application of Financial Technology (Fintech) in Small and Medium Enterprises assisted by Bank NTT in Sabu Raijua is experiencing positive developments in line with technological advances and changes in user behavior, ease of access, and transaction security are getting better. However, in its implementation there are several obstacles, namely weak internet connections, elderly Small and Medium Enterprises players find it difficult to understand how to use Financial Technology.

Evaluation of service quality and quality of financial information service system on customer satisfaction

The objectives to be obtained from the results of this research are: 1) To measure and test the influence, both partially and simultaneously, of knowledge of Service Quality and FSA Financial Information Service System(FISS) Information Quality on Customer Satisfaction at the Solo FSA Office. 2) To find out the factors that have the most dominant influence on Customer Satisfaction at the FSA Solo Office. This research was conducted on approximately 100 FSA Solo Office customers in January. Then 50% or 50 customers were taken to be used as samples. The research results found that both partially and simultaneously there was an influence of Service Quality and FSA FISS Information Quality on Customer Satisfaction at the Solo FSA Office. From the two independent variables, it is known that Service Quality has the most dominant influence on Customer Satisfaction at the FSA Solo Office. The overall research concludes that there is a joint positive and significant influence between Service Quality and FSA FISS Information Quality on Customer Satisfaction at the FSA Solo Office.

Enhancing the public value of mobile fintech services through cybersecurity awareness antecedents: A novel framework in Jordan

The study aimed to link cybersecurity awareness and its antecedents to discover the level of public value of using mobile financial services from the perspective of ‘citizens in the government context in Jordan. The quantitative approach was customized to serve the purposes of this study. A convenience sampling method was used based on 550 e-survey Jordanians from whom data were collected. A total of 449 responses were used in the analysis process. A structural equation model was specified to evaluate the developed research model. The results revealed that all hypotheses are accepted at less than P<0.001, cybersecurity awareness and predictions of financial services systems play a significant role in determining the use of financial services systems and generating the value of using financial services. Moreover, combining cybersecurity awareness with public value theory is an important approach to measure the performance of government institutions, especially in the financial services industry. Therefore, these results can be used to develop financial services and meet Jordanians’ requirements. Therefore, providing well-understood dimensions that influence the value of microfinance service use among Jordanians is a necessary process that probably ensures long-term sustainability of microfinance services. Finally, future efforts can explore the benefits and challenges of adopting digital transformation technologies in the public sector and financial services. Furthermore, the term government resilience is likely provided new insights to enhance public administration performance based on technology trends. Digital transformation, integrating government flexibility with the existing research model may influence the overall value of Mobile Fintech Services in Jordan.

The path of green finance to promote the realization of low-carbon economic transformation under the carbon peaking and carbon neutrality goals: Theoretical model and empirical analysis

In 2020, China proposed the Carbon Peaking and Carbon Neutrality Goals, promoting low-carbon economy and the related green financial market environment. The introduction of relevant policies means that China's green financial service system is undergoing transformation. This is not only a manifestation of China's active commitment to environmental protection obligations, but also a major responsibility for China to actively respond to global climate change. It also directly puts forward higher requirements for China to accelerate the implementation of low-carbon economic transformation. Based on the panel data of 30 provinces (cities) from 2006 to 2020, this article realistically uses panel data information as the most fundamental basis, and adopts the Mediating Effect and GMM model to empirically analyze and verify the implementation path of green finance to assist in the low-carbon transformation of the economy. The study found that green finance could assist in the low-carbon transformation of the economy: there are paths of green finance →upgrading industrial structure → GDP carbon emission intensity and green finance →technological innovation→ GDP carbon emission intensity. Heterogeneity analysis showed that, in high-carbon emission areas, the upgrading of industrial structure has played a negative mediating effect in the process of green finance assisting in the low-carbon transformation of the economy. In addition, both the technological innovation paths in high-carbon emission areas and the upgrading industrial structure and technological innovation path in low-carbon emission areas have played a positive mediating effect in the process of green finance assisting in the low-carbon transformation of the economy. The research in this article enriches and develops the theory of finance and economic growth, providing a reference basis for achieving the Carbon Peaking and Carbon Neutrality Goals and coping with the difficulties encountered in the low-carbon transformation of the economy. It is of positive significance in the field of low-carbon development.

Analisis Peranan Sistem Layanan Informasi Keuangan (SLIK) dalam Pemberian Kredit Umum (Studi kasus pada PT. Bank Syariah Indonesia KCP Meulaboh Imam Bonjol)

Credit is a business that generates a lot of returns or high returns, but the loan carries a high risk. The reason why loans cannot be repaid is usually because the loan capital is used for other purposes, for example to start a business first, but then the capital is used for other purposes. The purpose of this research is to analyze the Financial Information Service (SLIK) system in lending in general. The research method uses descriptive qualitative and data collection techniques using primary data, namely the source of data obtained from interviews, and direct observation with certain parties. The results of this study are to show how the role of SLIK in the credit granting process. SLIK plays a role in supporting the smooth running of small businesses in lending because an effective information system encourages productivity and can prevent errors and credit that is detrimental to banks because too much wrong information is not healthy. About the role of SLIK (Financial Information Service System) at Bank Syariah Indonesia KCP Meulaboh Imam Bonjol, namely as an aid in the form of an application launched by the Financial Services Authority (OJK) to select prospective debtors and is very useful in selecting prospective debtors, because SLIK provides information on prospective debtors using debt history information that contains complete information for bank decision making.

ADOPTION OF MOBILE PAYMENT SYSTEM SERVICES MY PERTAMINA

My Pertamina application has been downloaded by many smartphone owners, but when compared with motor vehicle owners and smartphone owners, this number is relatively low. Research on the adoption of mobile financial service systems has been researched since these payment systems were introduced. This research was designed using a causal descriptive approach through surveys and the use of analysis partial least square to test the proposed research hypothesis. The research results show that technological factors, organizational factors, and behavioral factors determine the level of public trust in mobile payment system My Pertamina. Meanwhile, personal and government factors have no influence on creating trust in mobile payment system My Pertamina. Just as the influence of technological factors, organizational factors and behavioral factors influence trust, these factors also have a positive influence on the adoption of My Pertamina services.

ANALISIS PENILAIAN KINERJA KEUANGAN PERUSAHAAN TERHADAP KELAYAKAN MENDAPATKAN KREDIT MODAL KERJA

This research aims to determine the performance assessment of prospective debtor companies regarding the feasibility of obtaining working capital credit by BRI KCP Pettarani. Data collection techniques were carried out by conducting interview techniques, documentation techniques and library techniques. The data analysis technique was carried out using qualitative data analysis, namely collecting the data needed in this research, through interviews and documentation. As well as quantitative data analysis using calculations using formulas in analyzing the compa|ny's financial performance and calculating the amount of credit given by the bank.The results of this research are the first benchmark for banks, in this case, checking the SLIK (Financial Information Service System) of prospective debtors. The basis for approval for granting credit is an analysis of financial reports. Reportn Profit and Loss Reportn Balance Sheet of the prospective debtor for the last 3 years as a component of the financial reportngan which is a consideration for the bank. In analyzing the financial reports of potential bank debtors, there are 4 financial ratios, namely Liquidity Ratio, Activity Ratio, Solvency Ratio and Profitability Ratio. The business has been running for at least 2 years and meets the criteria for measurement used by the bank, namely the company's performance which is taken into consideration by the bank in deciding whether or not it is appropriate to grant working capital credit. The principle that influences debtors is the principle of Character. The principle that is indicated as problematic for debtors is the Capital principle. The action taken by Bank to implement the principle of supervision is to carry out an inventory. The bad character of the debtor is an obstacle faced by banks in the credit granting process

Research on the Innovation of Enterprise Accounting Management under the Financial Shared Service Model

Abstract Financial shared services not only improve operational efficiency and reduce management costs but also realize auxiliary data analysis and management decision-making work, creating more value for enterprises. This paper builds a financial shared service system based on image recognition and extraction of financial bills to realize the functions of financial content recognition, voucher generation, application recognition, and administrative approval. We perform pre-processing tasks like binarization and edge detection on the financial bill image to identify the form lines. We then use the Hough transform to solve the function of the form lines, rotate, and correct the tilt angle. The form structure and financial text detection method are created based on the accurate form line detection. Analysis of two companies using the system of this paper reveals that the number of entered field information can be reduced by 91.48% of the entry workload after optimizing the system of this paper. The economic efficiency of labor costs can be significantly improved by reducing the time spent by reimbursement personnel in the reimbursement process by approximately 4,400 hours per month. By using the system in this paper, a new document can be created and submitted for approval in just 11 minutes, which reduces the document time by 86.25%. The constructed scores for the four first-level indicators, A, B, C, and D, range from 80 to 90 points, resulting in a total score of 87.417 points for the comprehensive evaluation. The construction of the financial shared service system in this paper consolidates the enterprise financial business into a centralized processing system, thereby enhancing the quality and efficiency of enterprise accounting management.

Evaluation of the Efficiency of Science and Technology Financial Ecosystem in the Yangtze River Delta Region: From the Perspective of Ecological Theory

This paper focuses on the construction and operation efficiency of the science and technology finance system in Shanghai, Nanjing, Hangzhou and Hefei, and uses the DEA model to analyze the efficiency of the integration of science and technology finance in the four cities, and evaluates the effectiveness of the construction mode, promotion path and innovation mechanism of science and technology finance. Finally, combined with the calculation results, corresponding policy suggestions are put forward for the implementation of policy optimization, the improvement of the science and technology financial service system, and the promotion of scientific and technological innovation and industrialization.